GREY:BNPUF - Post by User
Comment by
alkhoron Jul 18, 2020 6:06pm
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Post# 31285779
RE:RE:RE:VOTING PACKAGE IS LATE
RE:RE:RE:VOTING PACKAGE IS LATEIn the announcement they stated they had 21% of the shares voting for the 5 cent sale, which is about 55.5 million shares. They need 66.7% of the voting shares to carry the sale, so if nobody else supports the sale then 27 million No votes will defeat it. The big question is who else will support the sale. There were only 5 trading days between the announcement and the record date and only on one of those days, June 24, did the price drop below 5 cents and even on that day the high was 6.5 cents and close at 5.5 cents. I'm sure hwmany of the 60 million shares traded that week were not flips but all those who bought to hold will vote no as they would be locking in the losses.
What gets me are the directors are supposed to look after the owners of the company, who are the shareholders. Instead they are just trying to line their own pockets.